Fundz

ariika raised $3M in a Series A extension round led by Beltone Venture Capital and Citadel International Holdings to accelerate regional expansion in the home furnishings market.

PRIVATENov 21, 2024

Amount Raised

$3 Million

Round Type

Series A

CairoE CommerceFashionRetailFurniture

Investors

Beltone Venture CapitalCitadel International Holdings

Description

ariika, a leading direct-to-consumer home furnishings brand in the MENA region, has secured $3 million to drive its growth in KSA and Iraq. The investment will support its expansion plans and strengthen its presence in key international markets.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as ariika that raised within 45 days of this round, from Fundz verified event records.

  • HomeRoots raised $372K on December 20, 2024.
  • Beni raised $1.3M (Seed) on December 13, 2024.
  • LAAM Technologies raised $5.5M (Seed) on December 12, 2024.
  • Culture Circle raised $2M (Seed) on December 11, 2024.
  • Wooden Street raised $42M (Series C) on December 7, 2024.
  • Terractive raised $944K (Pre-Series A) on December 5, 2024.

Who to call at ariika, and when

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Company Information

Company

ariika

Location

Cairo, Cairo, Egypt

About

ariika is a leading direct-to-consumer home furnishings brand in the MENA region. Since its launch in Egypt in 2016, it has achieved a compound annual growth rate (CAGR) of 90% and serves over one million customers globally. The company is focused on compelling products and customer service, aiming to become the leading home furnishings brand in the region. ariika's rapid growth includes launching flagship stores in key markets like Iraq and Saudi Arabia.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

ariika raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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